Services Offered
• Barbara and I continue to provide you with the personal attention that you need and deserve. I believe in being a professional that you can trust at all times. Your information and any personal matters will be treated VERY confidentially. I truly care about your welfare. Every one of you is truly important to me! When you come to see me, you are the most important client I have while we are discussing your financial and income tax matters.
• I provide a range of services that is flexible, and is oriented to YOUR needs, not to my needs. The primary services offered by my practice include:
• Preparation of Personal and Business Income Tax Returns: Each year I usually do as many as 15 different States. My computer tax software and tax research resources are the same full featured software used by the the larger CPA firms. Over 40,000 CPA firms use the same professional, complete and "smart" software that I use. During income tax season the software is updated over the internet almost weekly. My software and I search for the lowest tax approach possible for your returns. My extensive experience with income tax audits has given me the background needed to help you make those difficult decisions. I have offered Electronic Filing since 1994. I send your return to the IRS electronically, so there is virtually no possibility of the IRS making "posting errors."
• Tax Planning: Tax planning is a vital compliment to income tax preparation. I have the same Internet access for researching complex income tax questions that the larger firms have. This professional tax information service is updated daily for changes in the law, changes due to court case decisions, and the latest interpretations of the law. So, the information I access is always up to date. And, I receive a daily update on results of Court Cases and Revenue Rulings. My years of varied experience help me greatly in assisting you with tax questions that include: Proper tax return handling for Like Kind Exchanges, Correct and timely Tax Elections, and a common sense approach to tax planning and preparation for end of year tax return preparation.
• Preparation of Fiduciary Income Tax Returns: Trusts are needed to minimize estate taxes, or for administrating finances of those unable to handle their own finances. And, trusts are a good tool for achieving your estate planning goals
• Cash Flow Planning: The most common questions I
answer for my clients are:
1. Can I afford to retire?
2. I received
inheritance (or cash from real estate sale, etc.). Should I pay off my
residence or should I invest with my broker?
3. How much should I put into
my 401k plan at work?
4. Should I invest in real estate, or in stocks? - or both.
5. Are mutual funds a good investment?
I regularly advise clients on
these and similar matters.My most valuable source of expertise is from the
successes and failures of over 250 clients over many years.
•I do not provide: "Financial Planning." "Financial Planning" often includes recommending specific stocks to buy and sell, and projections of future earnings. I am not licensed to buy, sell, or recommend specific investments. I am not a "Financial Planner" or a "Wealth Manager." CPA friends of mine and other professionals I know and trust do specialize in this area.
Material Copyright © 2007 by James E Reynolds CPA